Technical Analysis: ADA/USDT (1D)
Date: May 19, 2025
Current Price: $0.7312
24h Change: -4.21%
Technical Indicators:
EMA(7): $0.7581 (above price – showing bearish pressure)
EMA(25): $0.7383 (also above – short-term trend weakening)
EMA(99): $0.7315 (price sitting right at this long-term support)
RSI(6): 38.02 – near oversold zone
Volume: Decreasing slightly, suggesting uncertainty or potential exhaustion of sellers.
Swing Trade / Spot Opportunity:
Ideal Entry: Between $0.71 and $0.73
Take Profit: Zone between $0.78 and $0.80
Stop Loss: ~5% below entry (around $0.695)
Personal Tip:
ADA is retesting its long-term EMA(99) as support. If it holds, this could be a nice bounce zone for spot accumulation or a short swing. RSI is nearing oversold, so I’m watching for any reversal signal in the next candles.
Disclaimer:
This content is for educational purposes only and not financial advice. DYOR and manage your risk properly.
